Word: costs
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Dates: during 1920-1929
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...course this deflation of the lira will give rise to sweeping and painful industrial readjustments. For example: An Italian laborer now blows glass vases which are sold for 300 lire ($11.25). If the lira were restored instantly to par, the vase (still priced at 300 lire) would cost $57.90. No vases would then be bought by foreigners, and the laborer would be thrown out of work. Obviously, as the value of the lira increases, the price of the vase in lire will be lowered, but this type of readjustment always lags behind the rapid shift in international exchange, and therefore...
...nearly pacified." Syrian rebel despatches via Cairo kept up the equally long standing imposture that the French are seriously hard pressed by the rebellious Druses and Arabian tribes. The status quo continues to lie betwixt these untruths. The French are policing and mopping up Syria but at a cost in gold and blood which France can ill afford...
...next problem was to find cheat) electric power. This, it happened, was easy. Tobacco-man James B. Duke (died last October) was just completing in 1924 the huge waterpower development on the Saguenay River in Canada. His plant cost $40,000,000. It would generate 600,000 horsepower of electricity a year and do it so cheaply that current could be sold for $12 per one horsepower per year. At this rate bauxite could be hauled to the Saguenay, be reduced in electric furnaces to aluminum, and the aluminum worked into industrial shapes and household utensils with vast profits. Manufacturer...
...able to meet in full the stupendous two billion gold mark Dawes payment to the U. S. due in 1927-28. What then? Assumedly the dismaying possibility of partial default may be staved off by U. S. loans to Germany with which German reparations can be paid -at the cost of envassaling German industry to U. S. or at least non-German bankers. The machinery or "producer-goods" security for such loans would then become literally a foreign mortgaged harness for the German worker. Who may be called upon to fit this harness? Only last week a trifle of preliminary...
...camshaft. Nash has refined motor, 25% more power, 23% faster accelerator, new instrument board. Oakland. "The rubber-silenced chassis"; new bodies, new Duco colors. Star offers "more power and superior quality . . . new body lines, new colors, new mechanical refinements." Studebaker stresses "The President"; "custom car without custom car cost." Stutz. Safety glass in all windows and windshield, with no extra cost; new braking system built by Timken; free "indemnity against loss of use resulting from theft." Fred E. Moskovicz, active, able president of Stutz Motor Car Co., returned from Europe last week. His weightiest statement was that his French consulting...